A Step-by-Step-Guide on how to buy Velas (VLX)
Step 1 – Signup to CEX.io You will first need to purchase units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Velas (VLX) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Velas (VLX) Once your deposit has been approved, you will directly have access to your assets and you can begin buying and trading. To buy Velas (VLX) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate Velas (VLX), you will need to insert the cointype (VLX) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've marked this also. Click on “VLX/BTC” to proceed.
Step 4 – Buy Velas (VLX) After you have found Velas (VLX), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the recent valuation Velas (VLX) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of VLX you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of VLX. If you're happy, make a mouse click on “Buy VLX”. Your order will be filled as soon as a Vender sells their VLX for the price you offered.
Step 5 – Withdraw Velas (VLX) Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. To take off your Velas (VLX), go to the ”Funds” tab and mouse click on “Withdraw”. Velas (VLX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Velas (VLX) by using the given drop-down box. Enter the quantity of Velas (VLX) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.